SK hynix expected to post W40tr Q1 operating profit

SK hynix is expected to post more than 40 trillion won (27 billion) in operating profit for the first quarter, driven by rising memory prices and strong demand for high-bandwidth memory. According to industry sources on Sunday, the memory chip-maker will announce its January-March earnings on April 23. Ahead of the release, local brokerages have presented estimates around the 40 trillion won mark.